IMF: PHL economy to grow 6% in 2023; 5.5%-6% in 2024

Buildings are seen along EDSA in Quezon City, July 3, 2022. — PHILIPPINE STAR/ MIGUEL DE GUZMAN

MANILA – The International Monetary Fund (IMF) kept its economic growth forecast for the Philippines this year at 6.0%, and projected next year’s gross domestic product expansion to come in between 5.5% and 6.0%, a Fund official said on Friday.

IMF mission head Jay Peiris, in a press conference in Manila following a staff visit, said fighting inflation was the “first priority” for Philippine policymakers.

Fiscal and monetary measures will help bring that down, he added. — Reuters

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